Which? responds to LINK announcement

Harry Rose, Which? Money Editor, said:

“LINK’s actions have already had an impact on the ATM network, with more than 500 cashpoints a month closing this year, including a reduction in the number of free-to-use machines.

“Its decision to alter its original proposal is welcome, and it is critical that consumers’ free access to cash is protected.

“However, the decision should have been subject to proper scrutiny before the first cuts to the interchange fee were implemented, and the regulator must now urgently step in to independently conduct a wider review to investigate the drivers behind LINK’s decision and impact the changes will have on communities.”